Some Help Needed..

[Balboa73]

Hi all, First let me say I wish I found this forum awhile ago, I live in OK. I am nearing the end of my Chapter 13 (hopefully) and had so many questions that I am glad there is a place like this for people to come to. I have used search engine and read a lot of posts but I have some different questions that kind of run together. I file Chapter 13 on 2011 and had a base plan amount of $18320.00 i am currently $1,492.34 away from having paid that full amount. The issue is I ran behind 3 years ago and they started to deduct my payroll check which was actually a godsend. I missed about $1280.96 in payments and never made this up but looks like they have extended my months out. If I am able to pay this off should I do this and can I pay this off now? Or should I just continue to let the deductions happen as they have done so. I received a raise two weeks ago and my wife who is not included in my BK also just got a job 3 months ago so we have this money available to pay what I was behind. Also when do you usually get the notice about nearing the end of your BK? from my calculations with the amount taking out should be first of July when the last money clears base plan amount.

Thank you All,
Rocky

[LadyInTheRed]

Welcome to BK forum!

So, you were a below the median filer with a plan that was originally for less than 60 months, right? If that is the case, you probably can pay the balance of the base and complete your plan as long as the original 36 month comittment period has passed. If you are not beyond your original committment period, I would be concerned about bringing your wife's increase in income to the attention of the court. Talk to your attorney to make sure paying off early is okay. If it is, your attorney will ask the trustee for a payoff amount so you know exactly how much to pay.

I can't tell you when you will get notice of your plan being complete. Closing procedures vary a lot by court.

[Balboa73]

Thank you lady in Red. Yes I was below the 60 months. But the last payment of my original plan looks like it would have ended with the April deduction had I paid everything on time. With the balance being taken out about $423 a month. I only have three additional months. I am thinking it would be better just to let this ride out rather than create any issues since I only owe $1492.34. I actually paid all my claims in February and the percentage that was allotted for each claim was paid. Since not everyone put in claim they changed the payments and increased more amounts to each I assume to fulfill the plan base amount? Below is more info:

Case Status: ACTIVE
Balance on Hand: $208.09
Last Receipt Date: 03/16/2015
Last Receipt Amount: $211.38
Last Disbursement Date: 03/16/2015
Percentage to Unsecured: 100.00%
Plan Base: $18,320.00
Total Paid into Plan: $16,827.66
Total Paid to all Parties: $16,619.57

Just fyi $423 is what is paid monthly.

[LadyInTheRed]

Yes, if not all creditors file claims, then the percentage of the claims that get paid goes up. Your commitment period is not necessarily the same as the length of your plan. If your income was below median in the 6 months before you filed, your commitment period is 36 months. If you have passed your commitment period, you very well may be able to pay off early.

It can't hurt to ask your attorney.

[Balboa73]

Thank you!